Bradley Foster & Sargent Inc. CT Purchases 1,288 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Bradley Foster & Sargent Inc. CT lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,862 shares of the company’s stock after purchasing an additional 1,288 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Wheaton Precious Metals were worth $3,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter. FMR LLC boosted its stake in Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Wheaton Precious Metals by 22.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after purchasing an additional 634,843 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Wheaton Precious Metals by 21.3% in the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after purchasing an additional 513,890 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Wheaton Precious Metals by 11.8% during the fourth quarter. CIBC Asset Management Inc now owns 2,541,133 shares of the company’s stock valued at $144,356,000 after purchasing an additional 267,973 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James lifted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. TD Securities lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, UBS Group started coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $68.01 on Friday. The business has a fifty day moving average price of $60.89 and a 200-day moving average price of $61.47. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $70.31. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.